GDS Holdings Limited Reports Third Quarter 2020 Results
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GDS Holdings Limited (GDS) Misses Q3 EPS by 11c
November 16, 2020 4:52 PM ESTGDS Holdings Limited (NASDAQ: GDS) reported Q3 EPS of ($0.18), $0.11 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $224.6 million versus the consensus estimate of $224.21 million.
Third Quarter 2020 Financial Highlights
Net revenue increased by 43.0% year-over-year (Y-o-Y) to RMB1,524.7 million (US$224.6 million) in the third quarter of 2020 (3Q2019: RMB1,066.2 million).Service revenue increased by 43.8% Y-o-Y to RMB1,522.4 million (US$224.2 million) in the third quarter of 2020 (3Q2019: RMB1,058.9 million).Net loss was RMB204.6 million (US$30.1 million) in the third quarter of 2020, compared with a net loss of RMB108.6 million in the... More